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In case you aren't conversant with financing options, it is not too late to get began.Knowing the different conditions and having the skill to relate them to each other will assist you to dodge circumstances that are not financially promising.One of the conditions that you should know is balloons.This can either assist you financially or cause you issues.Knowing the details of how balloons work and making use of them to your benefits will give you the capability to pop into the right loan.

Balloons are used as a means to lower payments monthly.This is done by consolidating a particular percentage of your loan every month.At the end of your entire loan, you will pay the extra percentage that is left.Normally, this will equivalent about fifty percent of the loan that you have.

You can work with balloons to your benefit if you have the right funds in place.If you understand that you will have a huge amount of money at the end of your loan term, then having a balloon can assist you to save now and build your trustworthiness with financial investments later.

If you aren't sure of your financial position and what it will be in ten years, then a balloon will most likely be of help to you.Since you will be hoping to pay a huge amount at the end, it can lead into debt and won't assist you to make an investment in the future on another house. In relation to this, if you are making a precise amount now but understand that you will be making more in the future, then you can use a balloon in order to stabilize your financial situations.

By making use of a balloon, you will be put into a position where your mortgage will increase to twice as much at the end of the term.This can be beneficial or detrimental, depending on your position.By knowing precisely how to tie the end of the balloon, you will be able to see the best financial alternatives for your situation.

The great news of having a bankruptcy listed on your credit report doesn’t mean you cannot acquire a home. Trust me or not but individuals who have passed through bankruptcy have been able to cheer themselves to building credit through getting debt a second time.

However, the sad news is that the liability will be thoroughly examined and may come in lesser amounts and high rate of interest. This normally occurs from when you go through bankruptcy you are now labeled as high-risk debtors.

But these damaging thoughts fairly facts should not discourage those with disadvantaged credit account from exploring their home loan opportunities. The thorough use of credit is the only option from a bankruptcy filing.

It's a strong move for anybody since a bankruptcy will remain on a person's credit score for almost 10 years, efficiently acting like a warning signal to anyone thinking about lending money to that person or a line of credit.

In order to reduce the danger of offering that person a loan, the lender will charge higher interest rates than they usually would. For example, an auto loan that might normally have 6% interest could come with a rate of 8% or even higher.

However, as time goes and lesser loans and credit card balances are settled on time, the bankruptcy filing becomes small and less important to a lender.

Creating good credit after bankruptcy is vital. The following will help new bankruptcy filers reclaim their financial strength:

Pay Bills on Time. This is the particular top thing bankruptcy filers can do to increase their credit rating.

Get and use a secured or unsecured card. Simply, don't charge any more than you can manage to pay for every month.

Study your credit report. There is a possibility of Errors, and keeping eye on your progress will assist you to stay concentrated on the aim of rebuilding after bankruptcy.

Mortgage firms would require somebody with an assurance that is on responsible and safe track. Several lenders like to see three things when thinking about loaning money to someone after a bankruptcy.

First thing is a long stretch preferably two years or more of on-time bill payments. This may be difficult because of the case of consistent income. Similarly, with a stable work history and a down payment, even just a small one, it would not be difficult for someone just coming out of bankruptcy to secure 100% coverage on a home loan.

A down payment is the second option and a stable income is third. Well, this isn’t much as complex as the first one because some lenders will be prepared to give a loan faster than two years if there is a sign of responsible bill payment on a car or secured credit card including consistent income.

Just remember that after going through bankruptcy buying home is very possible

There are several reasons a person decide on filing bankruptcy. Job loss, unforeseen health bills, and overwhelming credit card debt are just a few of the factors that can bring about filing bankruptcy.

The mortgage lending sector has made special loan packages and conditions for those who have filed bankruptcy before.

Creditors have little or nothing to lose in approving a home loan following bankruptcy. With your home serving as security for the loan, the lender can feel comfortable in approving you for a home loan, often soon after your bankruptcy has been cleared.

In conclusion, cash will resolve this issue, for sure. But it will take to collect that cash and that is how long it will take to acquire the house.

Begin to think about how you can earn money in your extra time, selling online at eBay or doing freelance work, or starting your personal business.

You can build your chances by coming into the agreement with a lender with as much cash as thinkable. The more money you can deposit as a down payment, the lesser the risk for the bank. There is a level where they'll lend you the money just because the loan is secured by the house and the house is worth over the mortgage.

The bank foreclosure real estate also referred to as REOs (Real Estate Owned), is foreclosed real estate that is owned by the bank due to an unsuccessful foreclosure auction. There are several reasons the home may not have sold at the auction. The most popular reason is negative equity- the bank foreclosure real estate values less than the amount owed to the bank. Of course, the bank seeks to get the outstanding balance of the original loan; therefore, the minimum bid for the bank foreclosure real estate is usually the amount of the outstanding balance of the original loan, plus interest and any additional fees. No smart investor or buyer will consider bidding on such a property.

However, a failed sale will not hinder the bank from trying to try to get the bank foreclosure real estate sold. The bank will deliberate taking out some or all fees and liens on the bank foreclosure real estate so as to get it on the real estate market and sell again to the public. The reselling process may be redoing an auction or working through a Realtor.

This is a great market for real estate investors. Real Estate investors take an interest in the bank foreclosure real estate property. The market for foreclosed homes may be huge; but, not always appropriate for some investors. The foreclosed property may not reach some significant needs. Today, home buyers, as well as investors, are scrambling through the market of bank foreclosure real estate searching for better deals. However, the most bank foreclosure real estate property is in a pitiable condition, the low sale price of the home greatly compensates for the property pitiable condition.

Financing bank foreclosure real estate property provides a huge return for investors. Bank foreclosure real estate by far provides greater deals than typical foreclosed homes. As an investor, you must think through all your choices. Ensure you get the bank foreclosure real estate property at a good price. Positively, the bank foreclosure real estate that an investor selects to invest in will offer the investor rewards; like a bigger return in profit, either by renting the home out or through selling the home.

There are many ways to search for bank foreclosure real estate property.You can search the Internet, newspaper, and listings. The Internet can take you to thousands perhaps millions of connections. Here you can see the listing by banks, state, county, and much more.

You should also invest time in finding a good real estate agent.If they know what you are looking for, they can save you a lot of time and work.They can also help you determine the true market value of the home you are considering investing in.

Bakersfield, California, is located in Kern County, 100 miles NW of Los Angeles, California. Bakersfield has a population of 247,057. It has become a popular place for visitors en route to and from Las Vegas and Los Angeles, who stop for outdoor adventures such as whitewater rafting on the Kern River or hot air ballooning over the San Joaquin Valley.

Agriculture is king in Bakersfield. The region grows over 250 types of crops, with about 30 types of fruits and nuts, 40 types of vegetables, and over 20 field crops. Lumber, livestock, poultry and dairy products are also big industries here. The area is also home to the California State University, and Bakersfield College, and numerous museums and galleries.

Bakersfield Homes

Bakersfield properties pool is 83,428 residential properties plus Bakersfield new homes. The median age of real estate in Bakersfield is 1979. The average household size is 3.41 people. 3% are one bedroom homes, 14% are 2 bedroom homes, 56% are 3 bedroom homes, 22% are 4 bedroom homes, and 2% are 5+ bedroom homes.

Bakersfield School District: Children make up 32.7% of Bakersfield population. Bakersfield has 80,683 under 18 years old residents, or 0.81 kids per one worker, or 0.97 kids per one household.

Bakersfield Real Estate & Bakersfield Homeownership

There are 18354.16 or 22% one-person households, 23359.84 or 28% two-person households, and 14182.76 or 17% three-person households in Bakersfield, California. Median residents age is 30.1, Senior citizens (65+) make up 21,681 or 8.8%% of Bakersfield population.

There are 99,769 workers (over 16 years of age) in Bakersfield. Of these, 92.68% drive to work. Approximately 1.73% of workers in Bakersfield take public transportation. An estimated 1.32% walk to work.

Median Bakersfield homeowner's housing expenses are 22%

Crime in Bakersfield (2003), crimes per 10,000 residents per year

Violent Crimes 61.28

Robberies 17.77

Aggravated Assaults 40.88

Property Crimes 570.8

Burglaries109

Larceny-Thefts 381.09

Motor Vehicle Thefts 80.71

Invest in Bakersfield Properties

When making a decision about buying real estate in Bakersfield California area, you should consider the following statistical data:

The Government has closed the door to investors hoping to get tax relief to put their holiday homes and buy-to-let properties in their pensions from April next year when investing rules are due to be relaxed.

The FT stated a "total U-turn" by the UK Treasury as substantial tax breaks were taken away from the SIPPs self-invested pensions.

From April 6 next year, pension laws were to be relaxed allowing those saving for their retirement much greater freedoms over what they could hold within their pensions. The rule changes were expected to lead to a boom in self-invested personal pension schemes (Sipps), pensions with wide investment freedoms.

Residential property and assets, such as fine wines, classic cars, and even stamp collections were among the assets which were expected to be allowed to be held in pensions after April 6 and qualifying for income tax relief up between 22% and 40%.

However, in a technical note accompanying the pre-Budget report, the government suddenly announced it would remove the tax advantages for residential property and other assets, such as fine wines, art, and antiques. The move will remove any tax advantages of holding residential property directly or other exotic assets within a Sipp.

The government said the move was aimed at “preventing people benefiting from tax relief in relation to contributions made into self-directed pension schemes for the purpose of funding purchases of holiday or second homes and other prohibited assets for their or their family’s personal use.”

The FT reported that tax experts expressed surprise at the government’s U-turn. “This is a complete turnaround. It is extraordinary,” said Mike Warburton, tax partner at Grant Thornton.

Simon Philip, tax partner at Deloitte said: “The dream is over for those hoping to enjoy tax subsidized wine drinking and horse racing but it was fun while it lasted,”

Terry Walker of Spanish property specialists said: "This decision might have the opposite effect to what the Government intended. It could get more people buying homes with their personal money and low-cost euro mortgages, instead of putting the buying through a SIPP and increasing their pension. Spain with the biggest share of the second homes market could see an inrush of new sales from the start of next year as UK buyers focus on the equity growth and lifestyle benefits rather than their tax and pensions.

"It could be that holiday breaks have more appeal than tax breaks for many families"

If you are facing a foreclosure, there may be choices to bargain a workout program with your lender. To get assistance with a foreclosure you have to begin by talking to your lender. Support is available if you are ready to work out a reasonable repayment plan with your lender, while this can sometimes be difficult, you may be able to save your home. They truly do not want your house back. Let us cover some choices that may be open to you if you are facing a foreclosure.

Lenders usually will offer several options to a homeowner that is in default on their contractual obligations of a mortgage payment. They would much rather workout a program that is best suited for all parties involved then to come and take your house. They are in the business of lending money, not managing properties. This is true even more today, with foreclosures at record highs, banks have been overloaded with homes that they must not manage and maintain until they are able to sell them to someone else.

The time that you have to negotiate a deal, is often very limited. In most states, a borrower that is in default 60 or more days is just about out of time. This period varies from state to state so make sure that you have checked your local laws. Lenders can and will take legal action to foreclosure on your home if you are not talking to them.

Here are some possible solutions that you can offer to the lender to avoid foreclosure. While not all will be satisfactory to the lender, you can at least make the offer and let them tell you.

Reduced Payments

Lenders may be willing to take a reduced payment for a specific period, this will allow you to remain in the home and catch up the default amount over time. Some lenders will not allow you to do this, but it never hurts to try.

Short Sale

Lenders may let you sell the property for less than what they are owed on the loan. More and more lenders are allowing this type of transaction as they have realized that it costs them much more to pursue the foreclosure then if they just settle and take what they can get.

Payment Deferment

Some lenders may allow you to defer a payment or two, they tack the payments on the end of the loan and allow you time to catch up and stay current. This option is only just now beginning to become available as lenders are doing whatever they can to help avoid the foreclosure process.

While this article only covers a few options that may be available, check with your lender and try to work something out, it may keep you from losing you home in the process. Keep in mind that a foreclosure will cost you money, even if you just walk away. The impact on your credit is substantial and will hinder your borrowing power for years to come.

I am just coming from a settlement table at which a friend purchases a new condo. It's beautiful, suitable and exactly what she wanted. But, at the settlement table, she and a relation whom she truly loves got into an argument with each other. What should have been a happy circumstance was almost ruined. Thank goodness they got themselves together and the case was saved, but arguments and offended feelings are common at settlement tables and on moving day. It doesn't have to be that way.

The Trauma of Change

Changing one's home is right up there with the big changes in life - birth, death, divorce, and retirement. Most of us recognize the trauma of the first three. Many of us recognize the need to prepare mentally and emotionally for retirement. Few of us understand how severe buying and relocating to a new home fray our nerves and reduces our tempers. It can have grave consequences. I've seen deals blow up, and almost blow up, because of it. (Sometimes the protagonists are the buyer and seller.)

Mitigating Moves

There are a number of things you can do to ensure that the day you buy or sell your home is calm, sane and happy. Let's consider some of them. Some are easy and others are harder. You're apt to think of some which will be unique to you and your family.

First of all, simply realizing that these are flash points and discussing it with family members is a good starting point. There are many decisions to be made and much work to be done. Life is about to change for everyone who is a party to the process. It helps to just acknowledge that you'll need to work together so that it's a good experience for everyone in the end. Remember the expression, "I need to take a deep breath and get my equilibrium back." Clue in family members when you feel the tension rise.

Get a good night's sleep the night before the settlement. Have a good, unrushed breakfast. Have somebody you know very well look after little children and pets until after settlement; you don't need diversions during a big financial transaction.

At settlement, ask questions about anything you don't understand. Use a quiet, neutral voice. Don't sound like you are accusing someone of something. Simply ask for information and clarity. Don't feel rushed. Take the time to understand. Many of the arguments I've seen at the settlement table happened because someone assumed something and didn't ask about it. They just pitched into an irritated tirade. Not a good idea.

What if your questions turn up an unexpected and unacceptable answer? Let it be known that you expected it to be handled another way and why. Listen to any explanation calmly. Evaluate it. Does the other person have a valid point? How much difference does it make to you? Remember, it isn't necessary to have everything exactly as you'd like in order to have the transaction go well for you. Keep the big picture in mind. You don't have to be right about everything, nor do you have to win every point in order to be pleased with the final outcome.

Whether or not you call it closing or settlement, the final meeting will be hectic even if everything absolutely goes perfectly. Ensure you get through it by reducing the stress.

Looking down the barrel of a foreclosure, if you are among one of the over 1.4 million homeowners facing this same issue, there may be a creative technique to save your home. Save your home and equity so that you can try again. The last thing that you want to do is give your home back to the financier.

If your financial hardship has left you in a position whereby you are not able to pay your mortgage payment, whatever the reason may be, then you cannot afford to live in your home. Foreclosures are raising a dilemma for most homeowners in the United States as of today; foreclosures are at an all-time high. Alan Greenspan has made comments that the US may be heading for a recession in 2008.

Some lenders out there have not been playing fair, and some even to the point of unethical practices. These corrupt practices are the main reason for foreclosures that are at an all-time high and not predictable to slow in 2008, from what most professionals have believed.

On the positive side, you may have a choice that may let you save your home, though the foreclosure procedure is already in progress. Something that has been around for several years, and you may likely use to save your equity and home. You may have to wait a year or two so as to cash out the equity on the property, but it is better than the others.

This option is referred to as a Lease Purchase Agreement, find a tenant to lease your home from you, with an option to purchase the home at the end to the agreed period of time; usually 12 to 24 months. You set a price for them to buy the house when the agreement is signed; this will allow you to set the price so you can save the equity and by some time to recover. With a renter that has the choice to buy your home you may be able to:

1) Firstly is the prevention of a foreclosure

2) Because renters are paying less today due to the increase in foreclosure rates, this may be a way to increase the monthly rent, due in light of the buying agreement

3) A one-time payment, up-front as a non-refundable deposit, this is usually 1% - 3% of the sales price. The best part of this is that even if they decide not to buy your home, you still keep the money

4) Swiftly locate a buyer for your property; most times faster than trying to sell your home in the traditional manner

5) Someone else will be paying the mortgage payment and potentially a few hundred dollars a month more

Lease Purchase Agreements typically work well in any real estate market; this agreement means a "lease option" also. This is a very valued strategy to remember, particularly during a market that in a distress.

While there may be several other reasons to take advantage of a lease option, they are definitely a brilliant way to avoid foreclosure and salvage your home from the bank. In a foreclosure, your credit will be ruined for years to come, and the extra financial consequences can take a toll on your own life.

Two times now, I have seen a bat in our house. My husband and I just bought this house. As wary, first-time buyers we ensure to cross all our t's and dot all of our I's. We employed a trustworthy home inspector and he spent hours inspecting all imaginable or possible problems with our to-be home. The house was constructed in 65' and as predictable, the inspection brought up a few fears. What appeared to seem like petty and feasible: until the bats flew in.

Now, I am not certain if we have a bat colony nestling in the house. But looking at my husband flailing around the house, hitting at these moth-like flying mammals, all the while experiencing my first lock-myself-in-the-bathroom shouting session, was sufficient to begin a full investigation. I called the bat police. If we have bats in the house, their elimination will be a possibly costly service. Similarly, there are precise health worries that set off important alarm bells. So, let's talk bats, in hopes that as you look into the purchase of your next home, you make sure to check for the tell-tale signs.

First off, just to get you thinking seriously about this concern, consider the fact that bats are not pests. In most states, as in most places in the world, these unique critters are both endangered and protected. Indeed, when I first googled my problem, I was expecting a sea full of comforting headlines: BAT EXTERMINATORS AT YOUR SERVICE. GET YOUR EFFECTIVE BAT POISON HERE. This was not the case. Most of my research sang to the tune of bats being the least understood and most persecuted animals in the world. I was oblivious to the fact that individuals, our environment and our legislation, admire bats. It’s alright, I understand it now. Without bats we could be swamped in a swamp full of blood-hungry sucking mosquitoes. Bats are serious insectivores and their populations are on the decline. For this reason alone, they need our protection. But beware, homeowners who unwittingly house them may end up paying for this unconditional love. It is good to avoid this issue completely, by not buying into a house with bats.

If you are interested in purchasing a home that is on the old to older side, it won't hurt to look for signs of bats. Chat with your building inspector before an official house inspection and see that he/she is savvy to these indicators. The below signs may be sign of bats settling in your to-be home:

Staining:

Look for unusual brown or grey stains in areas where bats might potentially enter the home. These entry points may be attic vents, cracks and holes under rotted eaves, where a chimney meets the house and openings where the pipes and wiring enter the house. The main characteristic of these stains is that they are oil based and difficult to remove.

Guano:

Guano is a pretty, Spanish name for bat poo. The droppings will be found around the roost site. Guano droppings are pellet-like and give off a particular scent. This ammonia or musky smell may be present near the roosting bats, notably in the summer. In the months of winter, the odor reduces as the bats have either moved or are hiding. Guano brings the most dangerous issues in housing bats. Inhaling dust that contains fungal spores found in guano can cause a serious lung infection. Histoplasmosis is the name of this fungal lung disease associated with bat droppings.

Chirping:

If your inspector thinks they hear the sweet chirpings of baby birds, have them double check that this cute social chatter is not emerging from a bat colony. Bats noise chatter is same like that of birds.

The motive for all the worrying forewarnings is not that bat flat-out creep me out. Yes, I was terrified when I first saw one flying about our house. Now, after having done some research, I have gained a vast respect and curiosity for these amazing mammals of the night. Still, who wants to live with bats? The reason to consider checking for signs of roosting bats is that they can be very tricky to remove. You can't poison them. It is illegal and otherwise ineffective. Proper bat removal usually involves an intervention by a bat removal company. The company will use exclusion methods to remove the bats and seal up any potential re-entry points in your home. Depending on the size of the bat colony and how long they have settled, the damages, re-insulation, guano clean-up and repair can be expensive and time consuming. So buyers are careful of bats. Yes, they are vital ecosystem managers and need to be protected. Let them be protected by our laws and not by our roofs.

THE BIG BAT FACTS:

- Bats are the only mammals in the world using natural flight.

- Bats can eat 500-1000 insects per hour.

- Bats are protected in the United States and should never be harmed or killed.

- Bats make up nearly one-quarter of all known mammal species.

- Bats use echolocation, a kind of natural sonar, to navigate and locate food.

- Bats are gentle, passive creatures that will only bite in self-defense if they are picked up and handled.

- Never touch a bat with your bare hands! Though rare, sick bats may have rabies.

- Bats can crawl through openings as little as 1cm in diameter.

- In the past 20 years, close to 80% of the country's bat population has been lost.

- To assist protecting the bat population, construct a bat house. It may attract bats to settle near, though not in your home!

GSA (General Services Administration) leases over 150 million square feet of space from private building owners in over 2000 communities.This makes them an extremely important player in the real estate community. Because of the unique terms and conditions contained in government releases, buyers of office buildings where the government is already a tenant basis the learning curve.

The number of potential conflicts between the building owner and government tenant increase as the square footage under lease increases. Some investors assume wrongly that entering into a lease agreement with the government is the same as a standard commercial lease.

The examples below the list rate some of the many unique terms and conditions in government leases back and have a big financial impact:

They use a standard tax escalation clauses stating that the amount of any increase in taxes about the first fully assessed year will be paid in a lump sum payment. Yet buried in the contract is a clause that requires the lessor to submit the tax escalation claim within 60 days of the tax payment date. If they miss the deadline, the lessor forfeits the entire escalation.

When they want to make alterations to space, the GSA may ask building owners to sign a “waiter of restoration” clause, stating that when the lease ends, it won’t be required to restore the space to its original condition.Some owners think that by refusing to sign the waiver, they stop any alterations. But in a standard lease, there is a clause that allows alterations to take place.The protections for owners lie in the fact that, by refusing to sign the waiver, they may be able to force a restoration when the government tenant moves out.Keeping good records is critical for this.

Conflicts occasionally occur, and when they do, there’s another interesting clause that comes into play.The day contract disputes that clause outlines procedures to follow its owners have a disagreement with the government they can’t resolve through negotiations. It allows of building owners to submit a claim against the government by simply writing a letter to the government contracting officer outlining the basis for the claim and the amount.The government contracting officer can then negotiates, pay the client, or issue a denial of the claim.The denial of clay is in the form of a “final decision” which is misleading because the decision is not final. If the owner doesn’t agree with what the contract in officer decides he can appeal to a board of contract appeals which renders unbiased decisions. This is all basically done by mailing a letter.

Finally, there could be things and bad things related to government leases. To prevent any unfriendly surprises, owners should do their groundwork and know their preferences in the event of conflicts.